Corporate value and ownership structure in the post-takeover period: what role do institutional investors play?
Article Abstract:
The idea that increased institutional ownership and institutional ownership concentration diminish agency costs and improve corporate value is examined in light of studies which show dissident firms to exert better influence with management when institutional ownership in the contested firm is high. Results show that institutional ownership positively influences corporate value. However, institutional ownership concentration does not seem to affect value.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1997
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Investor self-selection: evidence from a mutual fund survey
Article Abstract:
A probit model was utilized to test the hypothesis that investors self-select into varied distribution channels according to their knowledge of financial strategies. The model was used on a random sample of 2000 mutual fund investors, after which a bivariate probit model was used to determine financial competency level and choice of distribution channel. Results show strong connections between the two variables, giving credence to the hypothesis.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1997
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Corporate governance, ownership structure and corporate efficiency; the case of Ukraine
Article Abstract:
The impact of various ownership structures and of the quality of corporate governance on the Farrell measure of efficiency in Ukraine is examined. Data Envelopment Analysis and Limited Dependent variable Estimations are used to study Ukrainian joint-stock companies.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 2005
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